Dillard’s (NYSE:DDS) Shares Gap Up Following Dividend Announcement

Dillard’s, Inc. (NYSE:DDS)’s stock price gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $434.02, but opened at $448.35. Dillard’s shares last traded at $441.08, with a volume of 19,065 shares changing hands.

The newly announced dividend which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a $25.00 dividend. The ex-dividend date of this dividend is Friday, December 13th. Dillard’s’s dividend payout ratio is 2.57%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DDS. StockNews.com raised shares of Dillard’s from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Telsey Advisory Group upped their price objective on shares of Dillard’s from $380.00 to $450.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, UBS Group upped their price objective on shares of Dillard’s from $194.00 to $198.00 and gave the stock a “sell” rating in a report on Friday, November 15th.

Dillard’s Trading Up 2.8 %

The company has a current ratio of 2.38, a quick ratio of 1.02 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $385.11 and its two-hundred day simple moving average is $397.80. The stock has a market capitalization of $7.22 billion, a P/E ratio of 11.48 and a beta of 0.86.

Hedge Funds Weigh In On Dillard’s

Hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC increased its position in shares of Dillard’s by 6.3% during the 1st quarter. ProShare Advisors LLC now owns 612 shares of the company’s stock worth $289,000 after purchasing an additional 36 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Dillard’s by 11.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 455 shares of the company’s stock worth $175,000 after purchasing an additional 45 shares in the last quarter. US Bancorp DE increased its position in shares of Dillard’s by 61.3% during the 3rd quarter. US Bancorp DE now owns 129 shares of the company’s stock worth $49,000 after purchasing an additional 49 shares in the last quarter. AQR Capital Management LLC increased its position in Dillard’s by 1.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,745 shares of the company’s stock valued at $1,209,000 after acquiring an additional 50 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Dillard’s in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 67.15% of the company’s stock.

Dillard’s Company Profile

Dillard's, Inc operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. The company's stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods.